Secretariat of Prizes and Bets publishes normative instruction on the qualification of fixed-odds betting operators in Siscoaf

The Secretariat of Prizes and Bets of the Ministry of Finance published today, December 30th, in the Official Gazette of the Union, Normative Instruction SPA/MF No. 4/2024, regarding the request for qualification of fixed-odds betting operators in the Financial Activities Control System (Siscoaf), in compliance with Article 4 of Ordinance SPA/MF 1.143, of July 11, 2024, and to facilitate the submission of reports of suspicious transactions related to money laundering, financing of terrorism, and the proliferation of weapons of mass destruction (ML/FT).

The normative instruction establishes that the request for approval to use Siscoaf is the responsibility of the betting operator agent and must be made on the Siscoaf website, according to the instructions in the manual prepared by Coaf.

In addition, the request for approval must be made within 10 (ten) days after the publication, in the Official Gazette of the Union, of the authorization for the betting operator agent to operate fixed-odds betting at the national level.

The normative instruction also states that the communication of non-occurrence of suspicious ML/FT transactions must be sent directly to the Secretariat of Prizes and Bets through the Betting Management System (Sigap), or through another channel created and informed by the Secretariat, by the last business day of January of the year following the year in which there were no occurrences.

Click here for the complete normative instruction.

The Gaming & Betting team at Souto Correa is available to provide more information on the subject.